⚠️ USDCHF growth after collapse
The price movement defines the falling channel.
It was formed in March 2019.
The price left the falling channel in July 2020, breaking through the 0.936 support.
And returned to it in February 2021 at the point 0.912.
At the end of March, it reversed from the resistance of 0.936 and again came to support.
I expect new growth for several reasons:
- despite the long breakout, the support line is strong and after the price returns to the channel it restrains the fall.
- the price has already started to rise from the support of 0.936.
- Since the beginning of April, the price has fallen sharply and now it needs a correction.
The target is 0.926.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
It was formed in March 2019.
The price left the falling channel in July 2020, breaking through the 0.936 support.
And returned to it in February 2021 at the point 0.912.
At the end of March, it reversed from the resistance of 0.936 and again came to support.
I expect new growth for several reasons:
- despite the long breakout, the support line is strong and after the price returns to the channel it restrains the fall.
- the price has already started to rise from the support of 0.936.
- Since the beginning of April, the price has fallen sharply and now it needs a correction.
The target is 0.926.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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